Xero has made a few new releases in the past week which really do help to make your life easier depending on the industry you are operating in.
Billable Expenses: This may be an underrated feature however it is extremely valuable to businesses that have client disbursements, or those who price jobs on a cost-plus basis.
It is now possible that when you enter a Purchases invoice, you can assign the expenses to a customer. This means that when you go to create an invoice for that customer, Xero will prompt you and ask if you would like to include these billable expenses on the invoice – no more going back and checking which expenses need to be reimbursed!
Inventory: You can now mark inventory items as inactive if you no longer use them – this is helpful when you couldn’t delete inventory items because they had been used in a transaction before but you no longer want it to appear in that long list of inventory items you need to choose from in an invoice.
Just a couple of new releases by Xero to make life easier for you! To read more please check out the Release Notes.
If you have any queries or would like to discuss how these may apply to your business, please contact your advisor at HTA Advisory.